Will the next US president close the step-up basis tax loophole?
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Will a law closing this inheritance tax loophole be passed in the next presidential term? Jan 2025 - Jan 2029
It would improve tax fairness, better align incentives, and generate $100bn - $300bn over the next 10 years
https://www.crfb.org/blogs/closing-stepped-basis-loophole
Asking because my elderly family members are holding onto SF real estate they would otherwise sell, because of this tax loophole
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